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20121218
20121218
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FOX News
Dec 18, 2012 3:00pm PST
,000 of debt. every single household. the u.s. borrowed roughly $6 billion every day. the country is borrowing $239 billion each hour. that is $4 billion every minute. in the time that this started, u.s. has already borrowed another $4 million. for every dollar they brought in, it spent $200.06. it runs a deficit. deficit is a one-year shortfall that has to be made up by borrowing. the national debt total accumulated debt is the sum of all the annual deficits. less any surplus. it's the running count. we hear politicians talk about deficits and the debt all the time. >> the debt. >> deficit. >> debt. >> deficit. >> bret: how to get politicians to come to some agreement to get the debt clock slow down or tick back the other way continues to be the challenge. but first, where we have been. >> take a look at the debt through history. the amount we owe ebbed and flowed. over country of spending more than it takes in, is nothing new. 1835 saw the lowest recorded debt at $34,000 under president andrew jackson. unsuccessful assassination attempt on him that year. 1865, president that did perish from
Search Results 0 to 1 of about 2 (some duplicates have been removed)